ICYMI: SMALL BUSINESS OWNERS STRONGLY SUPPORT THE PUBLIC INVESTMENT IN THE AMERICAN RESCUE PLAN

Small Business Owners Available for Interviews as the House of Representatives Prepares to Vote on the American Rescue Plan

Support for the American Rescue Plan continues to build as the bill heads for final passage in the House of Representatives, especially among small business owners that have been hit particularly hard by the economic crisis associated with the pandemic — at least 400,000 small businesses have permanently closed and small business revenue is down 38% nationally.

Small business owners across the political spectrum strongly support the American Rescue Plan, according to a survey of more than 1,200 small business owners from Invest in America and Small Business for America’s Future. View the full survey here. Key findings include:

  • 69% of business owners — including 46% of Republican business owners and 61% of Independent small business owners — support the American Rescue Plan.

  • majority of small business owners said that Democrats in Congress should pass a larger relief bill as soon as possible, even if it doesn’t have support from Republicans in Congress — including 52% of Independents and 23% of Republicans.

  • Small business owners want Congress to prioritize economic relief over deficit reduction.

  • More than one-third of small business owners (35%)—including 51% of Black and 42% of Latinx business owners—say their business would only be able to operate for a few more months without additional relief.

Nearly 330 small business leaders and advocates signed a letter organized by Invest in America and Small Business for America’s Future discussing the importance of small business aid as part of the American Rescue Plan, including nearly 30 representatives from chambers of commerce across the country. Read the letter and view its signers here

The American Rescue Plan would provide $15 billion in grants to more than 1 million of the hardest-hit small businesses, and leverage $35 billion for small businesses financing programs, which can generate as much as $175 billion in venture capital and low-interest loans for businesses in need.

Small business owners and leaders are available for interviews. To get in touch, please contact [email protected] 

###